REC Trading Report – December 2011
REC markets continue to grow, albeit more slowly than in the earlier months. Total treaded volume increased to approximately 120,000 (an increase of 14%), while price increased marginally to Rs 2,950/ REC (vs. Rs 2,900 last month; IEX prices). Prices
Andhra Pradesh Publishes Draft RPO Regulation
Andhra Pradesh published its draft RPO regulations. This is significantly delayed (AP was the only major state remaining to publish RPO; Delhi has a draft order, and West Bengal is essentially a non-participant - more on this later in the
Open Access in All States May Finally Become a Reality
An article in Business Standard mentioned that the Ministry of Power has issued an order to all state governments, power regulators and distribution utilities to implement the open access provisions of the Electricity Act, 2003. The article further states that "the
GEDA is Directed to Monitor RPO In Gujarat
The Gujarat Electricity Regulatory Commission (GERC) has directed the state nodal agency GEDA to the renewable power purchase obligation on regular basis and submit the report to the Commission quarterly basis. We believe this is an encouraging step, albeit a small
Launching India's First Online RPO Calculator
We are pleased to present the online RPO calculator. Its a first of its kind tool in India (and possibly in the world!), and will help you plan and manage your RPO liability in a easy and effective manner. We developed
Maharashtra Not to Allow Banking of Power to Renewable Generators
In another step back on the Open Access issue in Maharashtra, MSEDCL recently rolled back the banking provision for renewable energy generators opting for open access in the state. A recent circular released by MSEDCL has proposed new rules for banking
Maharashtra Cross-Subsidy Declared
The ongoing cross-subsidy issue in Maharashtra, which was also the subject of a Supreme Court judgement recently, seems to have been resolved. MERC came out with an order on the subject on September 9. The highlights are: Cross-subsidy (CSS) has been determined as
REC Trading Update – August 2011
In August's REC trade, both prices and demand volume increased significantly from last month. REC demand last month was about 96,000, while it almost doubled to over 183,000 in August. This is perhaps the most significant indicator for the REC markets,
TNERC's Regulation on REC/RPO
Honorable Tamil Nadu Electricity Regulatory Commission (TNERC) declared its much awaited RPO/REC amendment regulation. Following are the key highlights of the regulation: RPO Reduced from 14% to 9% (8.95 Non-Solar + 0.05% Solar) for FY 2011-12 Eligibility Criteria for RE CPP as per
Green power producers find dealing with RECs unviable in Karnataka.
An article regarding Karnataka Electricity Regulatory Commission's guidelines which is not in sync with those of the Central Electricity Regulatory Commission (CERC) was highlighted in The Hindu Business Line. The KERC guidelines are also not clear in specifying eligibility criteria. “They do specify intra/inter state open access eligibility criteria for the Renewable Energy (RE) Generator when it sells RE power to a consumer,” says Mr. Santosh Kamat, Co-founder of Auromira Energy, a company that produces electricity from renewable sources. RE producers see a mismatch between the KERC guidelines and those given by the CERC. With regard to eligibility of captive generators for RECs, while the CERC says that captive generators who avail themselves of other benefits such as preferential tariff are not eligible, the KERC guidelines say that such parties are eligible, says Mr Vishal Pandya of REConnect Energy Solutions, a company which provides services in RECs, energy efficiency and electricity portfolio management.